Tag Archives: BTCGBP

Valuations in the cryptocurrency market have dropped significantly from their all-time highs, with the total market capitalization losing around $2.2 trillion – a decline of around 73%. Many altcoins, including some from the large caps, have lost over 90% of their value since their all-time highs, and industry participants are scrambling to time the bottom. In light of the above, crypto analytics resource Nansen released a report that identifies systematic patterns in crypto...

With the end of the year approaching fast, the primary cryptocurrency continues to remain stuck at familiar ground at just over $17,000, begging the question if that’s about to change anytime soon. Most altcoins are also quite stagnant on a daily scale, aside from OKB, which has jumped by over 5% after the recent OKX proof-of-reserve statement. Bitcoin Boring Below $17K The past week saw a substantial price decline from bitcoin when the asset fell to a three-week low at...

The Bitcoin-focused investment group, New York Digital Investment Group (NYDIG), released a report in September examining how Bitcoin’s protocol has managed to attract such wide adoption despite its tiny developer ecosystem.  Here are the highlights: The network, which launched in early January 2009, has only 40-60 monthly active developers, according to the report.  This is not a static bunch. 1,140 developers have contributed to Bitcoin over its lifetime, with 5 to 10 new...

The latest PCE data announced by the US yesterday brought little volatility to the crypto market, in which BTC dropped by a few hundred dollars but recovered almost immediately. The altcoins are still on a daily scale, with a few exceptions in the likes of Terra Classic, Decentraland, and Lido. Bitcoin Remains Chill at $17K Bitcoin dropped to a 3-week low on December 20 at $16,300 but reclaimed almost all lost value in less than a day. Another price decline two days later saw...

Twitter introduced a new cryptocurrency feature on its platform that allows users to check the current price of bitcoin (BTC) and ether (ETH).  The graphics display the logo of the market tracking site Trading View and a link directing to Robinhood. It remains unknown whether those two were somehow involved with the new feature. Twitter’s Latest Crypto Move Users of the social media platform can now track the USD valuation of the two largest cryptocurrencies by market cap –...

DataDash founder a veteran crypto analyst Nicholas Merten predicts more pain ahead for Bitcoin’s price based on a combination of technical indicators and macroeconomic pressures.  The analyst referenced price charts for three different assets to back up his claim: BTC, ETH, and AAPL.  Where Bitcoin’s Price Will Crumble In a video published on Wednesday, Merten began by pointing out how Bitcoin remains suspended well below its 200-week moving averages (WMA) and 200-day moving...

The number of bitcoin automated teller machines (ATMs) has surged in accordance with the development of the cryptocurrency industry. The first such machine saw the light of day in October 2013. Needless to say, the industry has expanded by leaps and bounds since then, propelling massive interest and, in turn, more ATMs.  Currently, there are 39,678 such devices spread across 84 countries, with over 85% located in the United States of America. An Overlook of the Map...

Scott Minerd – CIO and Chairman of Guggenheim Partners – believes the demise of crypto exchange FTX will cause more problems for companies and investors. He reiterated his stance that market crashes could be beneficial for the industry because they could eliminate meaningless projects. Buckle up for More Trouble According to Minerd, the domino effect that the FTX bankruptcy triggered might continue in the near future affecting other entities: “There’s another shoe to drop – I...

The overall Bitcoin price action is on an impulsive decline after experiencing a significant rejection from a long-lasting resistance level at $18k. Failing the support level at $15k, the bulls could be in for a lot of trouble soon. Technical Analysis By: Edris The Daily Chart: Looking at the daily chart, the price oscillates in the large falling wedge pattern. While this is usually a reversal pattern in a downtrend if broken to the upside, the price has failed to reach the...

Over the past day, the total cryptocurrency market capitalization managed to recover a few billion, but the overall market saw no considerable volatility, and volume is drying up. Some altcoins managed to pull ahead, but the broader sentiment remains fearful. Bitcoin Struggles Below $17K Bitcoin’s price was unable to hold above the $17K level yesterday and dropped to a low of $16,527 on Binance. The cryptocurrency has failed to recover and is currently trading at around...